Retirement Systems of Alabama Has $20.50 Million Stock Holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Retirement Systems of Alabama grew its holdings in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 1.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 386,424 shares of the transportation company’s stock after buying an additional 7,173 shares during the quarter. Retirement Systems of Alabama owned 0.24% of Knight-Swift Transportation worth $20,496,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in KNX. Tokio Marine Asset Management Co. Ltd. lifted its position in Knight-Swift Transportation by 20.0% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,191 shares of the transportation company’s stock valued at $434,000 after acquiring an additional 1,365 shares in the last quarter. Custom Index Systems LLC lifted its holdings in shares of Knight-Swift Transportation by 8.7% in the fourth quarter. Custom Index Systems LLC now owns 10,531 shares of the transportation company’s stock valued at $559,000 after purchasing an additional 839 shares in the last quarter. New England Research & Management Inc. boosted its position in shares of Knight-Swift Transportation by 199.2% during the fourth quarter. New England Research & Management Inc. now owns 29,625 shares of the transportation company’s stock valued at $1,571,000 after buying an additional 19,725 shares during the last quarter. Swedbank AB grew its holdings in Knight-Swift Transportation by 2.2% during the fourth quarter. Swedbank AB now owns 58,730 shares of the transportation company’s stock worth $3,115,000 after buying an additional 1,266 shares in the last quarter. Finally, Hantz Financial Services Inc. raised its position in Knight-Swift Transportation by 42.5% in the 4th quarter. Hantz Financial Services Inc. now owns 30,162 shares of the transportation company’s stock valued at $1,600,000 after buying an additional 8,995 shares during the last quarter. 88.77% of the stock is owned by institutional investors.

Knight-Swift Transportation Trading Down 1.3 %

Shares of Knight-Swift Transportation stock opened at $55.33 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.01 and a current ratio of 0.85. The stock has a market capitalization of $8.96 billion, a P/E ratio of 75.80 and a beta of 0.99. Knight-Swift Transportation Holdings Inc. has a 52-week low of $45.55 and a 52-week high of $61.51. The stock’s 50-day simple moving average is $55.30 and its 200 day simple moving average is $53.88.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings results on Wednesday, January 22nd. The transportation company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03. Knight-Swift Transportation had a net margin of 1.59% and a return on equity of 2.43%. As a group, research analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.13 EPS for the current year.

Knight-Swift Transportation Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Friday, December 6th were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.16%. Knight-Swift Transportation’s payout ratio is 87.67%.

Insider Buying and Selling

In related news, Chairman Kevin P. Knight sold 29,779 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $57.19, for a total transaction of $1,703,061.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ploeg David Vander sold 500 shares of the stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $57.10, for a total transaction of $28,550.00. Following the completion of the sale, the director now owns 30,729 shares in the company, valued at $1,754,625.90. This represents a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on KNX shares. Susquehanna upgraded shares of Knight-Swift Transportation from a “neutral” rating to a “positive” rating and upped their target price for the stock from $48.00 to $67.00 in a research note on Friday, January 3rd. Morgan Stanley reduced their price objective on shares of Knight-Swift Transportation from $72.00 to $70.00 and set an “overweight” rating for the company in a research report on Thursday, October 24th. Barclays lifted their target price on shares of Knight-Swift Transportation from $62.00 to $68.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. The Goldman Sachs Group upped their target price on Knight-Swift Transportation from $45.00 to $51.00 and gave the company a “neutral” rating in a report on Thursday, December 12th. Finally, StockNews.com raised Knight-Swift Transportation from a “sell” rating to a “hold” rating in a research report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $59.38.

About Knight-Swift Transportation

Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides freight transportation services in the United States and Mexico. The company operates through four segments: Truckload, Less-than-truckload (LTL), Logistics, and Intermodal. The Truckload segment provides transportation services, which include irregular route and dedicated, refrigerated, expedited, flatbed, and cross-border operations.